Mainboard IPO Platform

Pocketful's Mainboard IPOs page allows you to view information on recent IPOs and recently listed Mainboard stocks all in one place. Mainboard IPOs are typically launched by companies that have raised large amounts of capital and are listed on major stock exchanges like the NSE and BSE. This page will provide you with important data and updates on the latest IPOs, helping you understand and analyze the companies better.

What is Mainboard IPO?

Mainboard IPOs are a method by which a company issues its shares to general investors for the first time. The company's shares are then listed and traded on major stock exchanges like the NSE and BSE. Mainboard IPOs are typically launched by companies with large businesses and regulatory compliance. Through an IPO, a company raises capital from the market, and investors have the opportunity to participate in the company by purchasing its shares. 

Key Metrics of Mainboard IPO

Before investing in any Mainboard IPO, it's important to understand some key metrics. These metrics help investors understand the IPO's price, the company's size, and investor demand. Below, key metrics related to the Mainboard IPO are explained in a simplified manner.

Issue Size : Issue size refers to the total amount a company intends to raise through an IPO. This amount can be raised by issuing new shares or by existing shareholders selling shares. The issue size also indicates the size of the IPO.

Price Band : The price band is the price range within which investors can bid for their shares in an IPO. For example, if the price band is ₹100-₹110, investors can submit their bids within this range. Investors typically apply at the upper price to ensure their applications remain valid.

Lot Size : Lot Size indicates the minimum number of shares retail investors can apply for in an IPO. Investors must apply for a minimum of one lot, and after that, they can apply for multiple lots.

Market Capitalization : Market Capitalization reflects the total value of a company after the IPO. It is determined based on the total issued shares and their value. This gives investors an idea of the company's size and market position.

Subscription Status : Subscription Status indicates the amount of demand the IPO received from investors. This is displayed across different categories, such as Retail Investors, HNI/NII, and QIB. If the IPO is oversubscribed, it indicates high investor demand.

Listing Price : Listing Price is the price at which a company's shares first begin trading on the stock exchange. If the listing price exceeds the issue price, it is called Listing Gain.

Grey Market Premium (GMP) : Grey Market Premium is an unofficial indicator that shows how much demand there is for IPO shares in the unofficial market. Although GMP is not official data, many investors use it to gauge potential listing performance.

Face Value : Face Value is the underlying share price that a company sets for its shares. It can typically be ₹1, ₹2, ₹5, or ₹10 and is used to understand a company's share capital.

Mainboard IPO Eligibility Criteria & Requirements

In India, no company can launch an IPO directly on the Mainboard. To do so, it must meet certain financial and compliance standards set by SEBI. These requirements are intended to ensure that companies whose shares are listed on the main exchanges have a relatively stable business and financial position.

Minimum Financial Strength : For a Mainboard IPO, a company must have a sufficient financial base over the past few years. Typically, a company's Net Tangible Assets should be around ₹3 crore or more, and a Net Worth should also be at least ₹1 crore. This indicates that the company's business is not just in its initial stages but has an established structure.

Profitability Record : According to SEBI guidelines, a company must show operating profits for at least three of the last five years. This record helps investors understand that the company's business is consistently generating income.

IPO Size Guidelines : The size of the IPO should also be in line with the company's financial strength. This is typically set in proportion to the company's pre-issue net worth to avoid imbalances in the size of the IPO.

Public Shareholding Requirement : When a company lists on the Mainboard, it must make at least 25% of its shares available to public investors. This ensures adequate trading and liquidity in the market.

Disclosure Through DRHP : Before launching an IPO, a company must file a Draft Red Herring Prospectus (DRHP). This document provides key information about the company's business, financial performance, risks, and the IPO itself, so investors can review the full details before making a decision.

How to Apply for Mainboard IPOs in India?

There are two common methods for applying for the Mainboard IPO. The first method is to apply via UPI through a brokerage platform like Pocketful's app or website, and the second method is to apply through Net Banking's ASBA option.

Apply Mainboard IPO Using UPI (Pocketful App or Website)

If you use Pocketful, you can apply for the IPO using UPI from both the mobile app and website.

Step 1 : Open the Pocketful app or visit the Pocketful website and log in to your account.

Step 2 : After logging in, go to the IPO section in the menu. Here you will see all the IPOs currently open.

Step 3 : Select the Mainboard IPO you want to apply for. You can view IPO-related information, such as the price band and lot size, here.

Step 4 : Now, select the number of lots you want to apply for and enter the bid price. You can also select a cut-off price if desired.

Step 5 : Then, enter your UPI ID and submit your application.

Step 6 : After submitting your application, a mandate request will appear in your UPI app. This request must be approved.

Once the UPI mandate is approved, your application is registered, and the application amount is blocked in your bank account until it is allocated.

Apply Mainboard IPO Using ASBA (Net Banking)

Another way to apply for an IPO is through ASBA (Application Supported by Blocked Amount). In this method, the application amount is blocked in your bank account and is deducted only upon allotment.

Step 1: Log into your bank's Net Banking account.

Step 2: Open the IPO or ASBA section in the menu.

Step 3: Select the Mainboard IPO you wish to apply for from the list of available IPOs.

Step 4: Enter the application details, such as the lot size, bid price, and your DP ID or Demat Account Number (linked to your Pocketful account).

Step 5: Verify the information and confirm the application.

The bank then blocks the application amount from your account. If you receive shares, the amount is debited, and if you don't receive an allotment, the same amount is unblocked later.

Benefits of Investing in Mainboard IPO With Pocketful

Investing in Mainboard IPOs through Pocketful offers a structured and convenient experience for investors. It simplifies access to IPO information and participation, helping users navigate opportunities with ease.

Simple IPO Application Process : Applying for Mainboard IPOs through Pocketful's platform is easy. The app and web platform have a dedicated IPO section where investors can view available IPOs and apply in just a few steps.

Real-Time IPO Updates : Investors can find all the necessary IPO information in one place on Pocketful. Key information such as price bands, lot sizes, open and close dates are updated timely, allowing investors to review important details before making a decision.

Access to Recent Mainboard IPO List : The platform makes it easy to view a list of recent Mainboard IPOs. This provides investors with information about new issues and helps them understand which companies have recently launched public offerings.

Tracking Recently Listed Mainboard Stocks : Recently listed Mainboard stocks can also be tracked on Pocketful. This allows investors to track the performance of newly listed stocks and better understand market activity.

Mobile App and Web Platform Access : Pocketful is available on both mobile and web platforms. This allows investors to view IPO information and complete the application process from anywhere, at their convenience.

Risks of Investing in Mainboard IPOs

Investing in Mainboard IPOs involves certain market and company-specific uncertainties.

Understanding these risks helps in making more balanced and well-informed investment decisions.

Market Volatility : Markets can fluctuate during and around the time of an IPO. If market conditions weaken, even the shares of promising companies may not perform as well as expected.

Overvaluation Risk : In some cases, the IPO price may be set higher than the company's current financial performance. Consequently, the share price may experience pressure after listing.

Listing Day Price Fluctuation : Many Mainboard IPOs experience sharp price fluctuations on listing day. High demand may result in a share opening at a premium, while weak demand may result in a price falling below the issue price.

Limited Historical Data : Shares of companies launching IPOs are not previously traded in the market, so data on their past share price performance is not available. This can make it difficult for investors to evaluate them in the initial period.

Business and Industry Risks : A company's performance depends on its business model, sector conditions, and economic conditions. If the company faces challenges in its business or there is a slowdown in the sector, it may impact the share price.

How to Check the Mainboard IPO Subscription Status

The Mainboard IPO subscription status indicates the amount of demand the IPO has received from investors. This data is updated daily during the IPO opening, allowing investors to understand how many applications have been received by different investor categories.

Pocketful App and Web Platform :

If you use Pocketful, the subscription status of an IPO can be easily viewed on both the Pocketful mobile app and web platform. Selecting any ongoing IPO in the IPO section reveals its subscription information, where the subscription amount for different investor categories can be seen.

NSE and BSE Websites :

The subscription status of an IPO is also available on the official stock exchange websites. Investors can visit the NSE or BSE website to view the subscription data on the respective IPO's page, which displays updated figures by day.

Investor Categories in Subscription Data

How to Check the Mainboard IPO Allotment Status

After the Mainboard IPO closes, the next important step is allotment. This process determines which investors have received shares and how many have been allotted.

Check Mainboard IPO Allotment on IPO Registrar Website

A registrar is appointed for each IPO, such as KFin Technologies or Link Intime India. Investors can use their websites to check the allotment status.

Step 1: First, open the official website of the IPO registrar.

Step 2: Go to the IPO Allotment Status or Public Issues section on the website.

Step 3: Select the name of the company for which you applied for the IPO from the list available there.

Step 4: Now enter your information usually one of the options is PAN Number, Application Number, or DP ID/Client ID.

Step 5: Your allotment result will then appear on the screen. There are usually two results:

• Shares Allotted (if you received shares)
• No Shares Allotted (if no allotment)

Check Mainboard IPO Allotment on Stock Exchange Website

IPO allotment information can also be found on the stock exchange website.

Step 1: Visit the official website of the National Stock Exchange of India or Bombay Stock Exchange.

Step 2: Go to the IPO or Investor Services section of the website.

Step 3: There, you will find the option for allotment status or IPO application status.

Step 4: Now select the company name and enter your PAN number or application details.

Step 5: After submitting, the allotment status will appear on the screen.

Check Mainboard IPO Allotment on Pocketful Platform

If you applied through Pocketful, upon allotment, the shares will be credited to your Demat account even before listing. As soon as the shares are credited to your account, they will appear in your holdings. This will confirm your allotment. If you don't receive an allotment, the blocked amount is automatically unblocked in your bank account.